JPMorgan Chase & Co. (NYSE:JPM) Holdings Lifted by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the third quarter, HoldingsChannel reports. The firm owned 406,133 shares of the financial services provider’s stock after buying an additional 3,359 shares during the quarter. JPMorgan Chase & Co. makes up 2.1% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 7th biggest position. E. Ohman J or Asset Management AB’s holdings in JPMorgan Chase & Co. were worth $85,637,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. West Michigan Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 1.2% in the 3rd quarter. West Michigan Advisors LLC now owns 23,523 shares of the financial services provider’s stock worth $4,960,000 after purchasing an additional 289 shares during the period. Harbour Trust & Investment Management Co raised its stake in JPMorgan Chase & Co. by 0.4% in the third quarter. Harbour Trust & Investment Management Co now owns 87,524 shares of the financial services provider’s stock worth $18,455,000 after buying an additional 308 shares in the last quarter. Nicholson Wealth Management Group LLC purchased a new stake in JPMorgan Chase & Co. in the third quarter worth about $522,000. Legacy Capital Group California Inc. boosted its position in JPMorgan Chase & Co. by 24.1% during the 3rd quarter. Legacy Capital Group California Inc. now owns 10,114 shares of the financial services provider’s stock valued at $2,133,000 after acquiring an additional 1,964 shares in the last quarter. Finally, Rowlandmiller & PARTNERS.ADV grew its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Rowlandmiller & PARTNERS.ADV now owns 24,913 shares of the financial services provider’s stock worth $5,253,000 after acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $222.31 on Monday. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.92. The stock has a 50-day moving average of $215.39 and a 200 day moving average of $205.52. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $638.40 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $4.33 earnings per share. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.25%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.89%.

Analyst Ratings Changes

A number of research analysts have recently commented on JPM shares. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $220.00 to $224.00 in a report on Monday, September 30th. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Finally, Jefferies Financial Group upped their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $217.94.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.